Invst LLC Takes $558,000 Position in CF Industries Holdings, Inc. $CF

Invst LLC acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,152 shares of the basic materials company’s stock, valued at approximately $558,000.

Several other large investors have also recently modified their holdings of CF. Councilmark Asset Management LLC purchased a new stake in CF Industries during the second quarter valued at approximately $1,596,000. Jupiter Topco LLC acquired a new stake in CF Industries in the second quarter valued at approximately $7,215,000. Hsbc Holdings PLC purchased a new position in CF Industries in the second quarter worth $36,391,000. EFG International AG purchased a new position in CF Industries in the second quarter worth $1,248,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of CF Industries during the second quarter worth $9,776,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.5%

NYSE:CF opened at $127.30 on Wednesday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a fifty day simple moving average of $116.87 and a 200-day simple moving average of $116.34. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $19.27 billion, a P/E ratio of 9.44, a PEG ratio of 0.26 and a beta of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm earned $2.37 earnings per share. CF Industries’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 14th. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio (DPR) is presently 17.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Berenberg Bank raised their price objective on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada reduced their target price on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. BMO Capital Markets lowered their price target on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Finally, Weiss Ratings lowered CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.56.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.